Savant Capital LLC Buys 474 Shares of Amphenol Co. (NYSE:APH)

Savant Capital LLC boosted its position in shares of Amphenol Co. (NYSE:APH) by 7.4% in the fourth quarter, Holdings Channel reports. The firm owned 6,881 shares of the electronics maker’s stock after purchasing an additional 474 shares during the period. Savant Capital LLC’s holdings in Amphenol were worth $682,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norden Group LLC acquired a new stake in shares of Amphenol during the fourth quarter worth about $208,000. Penobscot Investment Management Company Inc. increased its stake in Amphenol by 12.9% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 57,345 shares of the electronics maker’s stock worth $5,685,000 after purchasing an additional 6,539 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in Amphenol during the 4th quarter worth approximately $601,000. Van ECK Associates Corp lifted its stake in Amphenol by 4.2% in the fourth quarter. Van ECK Associates Corp now owns 87,129 shares of the electronics maker’s stock valued at $8,637,000 after buying an additional 3,544 shares in the last quarter. Finally, EWA LLC acquired a new position in shares of Amphenol in the fourth quarter valued at approximately $244,000. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the sale, the vice president now owns 25,700 shares in the company, valued at approximately $2,692,075. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the transaction, the vice president now owns 25,700 shares in the company, valued at $2,692,075. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the sale, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The disclosure for this sale can be found here. Insiders have sold a total of 135,000 shares of company stock worth $14,251,050 over the last ninety days. Insiders own 1.80% of the company’s stock.

Amphenol Stock Up 1.4 %

Shares of APH stock opened at $122.64 on Friday. Amphenol Co. has a 52-week low of $72.77 and a 52-week high of $123.60. The stock has a market cap of $73.66 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 3.07 and a beta of 1.27. The firm’s 50-day moving average is $113.58 and its 200-day moving average is $101.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. Sell-side analysts predict that Amphenol Co. will post 3.35 EPS for the current year.

Amphenol announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 24th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.72%. Amphenol’s dividend payout ratio (DPR) is 26.91%.

Wall Street Analyst Weigh In

APH has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Evercore ISI lifted their target price on Amphenol from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Truist Financial boosted their target price on Amphenol from $121.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group began coverage on shares of Amphenol in a research note on Tuesday, April 9th. They set a “hold” rating and a $125.00 price target for the company. Finally, Robert W. Baird boosted their price objective on shares of Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.83.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.